House price growth eases slightly in November

Nationwide today released their House Price Index (HPI) for November headlined ‘Annual price growth slowed further in November.’

 
Annual house price growth slowed slightly to 4.4%, from 4.6% in October. House prices increased by 0.1% month on month in November.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: _UK house prices increased by 0.1% in November, after taking account of seasonal factors. As a result, the annual rate of house price growth slowed slightly to 4.4%, from 4.6% in October, though this is still in line with the growth rates prevailing since early 2015.

_There are some signs that, despite the uncertain economic outlook, demand conditions have strengthened a little in recent months, reflecting the impact of solid labour market conditions and historically low borrowing costs. Mortgage approvals increased in October, and surveyors report that new buyer enquiries have increased modestly. more…

Read the Nationwide November House Price index report in full click here

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